Technology stocks posted solid gains on Friday, propping up sagging blue chips in the process.
didn’t see much follow-through a day after gaining 6% on blow-out results, but several other technology bellwethers gained on optimism that they can duplicate Cisco’s feat next week.
and Applied Materials
gained ahead of their results, while Dell
investors showed a little caution ahead of its earnings report.
edged higher on plans to build a $1 billion plant in Vietnam. Oracle
were other volume gainers.
A number of companies declined on earnings news, among them Shanda
, Tom Online
and Cambridge Display
gained 5% after topping forecasts.
Blue chip stocks were mixed after traders cheered results from AIG
, but punished Disney
on its report.
The Nasdaq gained 13 to 2389, the S&P 500 added 2 to 1380, and the Dow climbed 5 to 12,108. Volume declined to 2.29 billion shares on the NYSE, and 1.75 billion on the Nasdaq. Advancers led 21-11 on the NYSE, and 18-11 on the Nasdaq. Upside volume was 56% on the NYSE, and 57% on the Nasdaq. New highs-new lows were 210-19 on the NYSE, and 107-53 on the Nasdaq.